WASHINGTON, DC -Today, Representatives Gregory W. Meeks (NY-05), Yvette D. Clarke (NY-09), and José E. Serrano (NY-15) introduced legislation to provide public housing, foreclosure mitigation, and rental assistance grants through the United States Housing and Urban Development agency (HUD) with supplemental funding for state public housing authorities to ensure Americans have access to affordable housing.

The Hardest Hit Housing Act of 2018 will:

Allocate $4 billion a year in supplemental funding to the Public Housing Capital Fund Grant Program for public housing authorities that own or manage more than 10,000 units.

Supply foreclosure mitigation and assistance grants with $5 million per year for five years to the 15 states with the highest foreclosure rates

Authorize rental assistance grants to fund 100,000 incremental housing choice vouchers for housing authorities at a rate of 20,000 units per year over five years.

“Homeownership is the gateway to wealth creation and for many individuals, renting a home is their first step toward saving for ownership,” remarkedRep. Gregory W. Meeks. “Federal spending on housing programs should be treated as investments because they provide opportunities for wealth creation especially in low and moderate income areas. Our bill is an investment in the future of those aspiring toward the American Dream.”

“We’re in the midst of the worst housing crisis in generations. Home prices and rents are hitting new all-time highs, pricing low and middle-income families out of the market," Rep. Yvette D. Clarke said. “Donald Trump’s 2019 budget proposal includes the same draconian and unpopular cuts to affordable housing programs that failed in Congress last year. The federal government should be doing more, not less to relieve the housing crisis in America. Congress must pass the Hardest Hit Housing Act right away.”

“Congress has a responsibility to protect and allocate adequate levels of funding for the government’s housing programs to ensure that everyone, regardless of income, can live in safe, affordable housing. The Hardest Hit Housing Act will protect the public housing programs that our communities desperately need from this Administration’s reckless attempts to gut our governments’ most important social safety net programs,” saidRep. José E. Serrano. We need to address our nation’s housing crisis, and fight back against Donald Trump’s efforts to undermine these important programs. This legislation is an important step in doing just that.”

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Earlier this month, President Trump unveiled a budget proposal that guts federal programs that provide housing stability for low-income families. Trump’s proposal also cuts the Public Housing Capital Fund, a $2 billion annual fund that is used to renovate or maintain public housing units.

House Democratic Caucus Chairman, Congressman Joe Crowley (NY-14) and Congressman Adriano Espaillat (NY-13) signed on as original co-sponsors, as well.